Results 231 to 240 of about 4,366 (254)

An Efficient Prospect Selection Approach in Cumulative Prospect Theory

2008 4th International Conference on Wireless Communications, Networking and Mobile Computing, 2008
To solve the problems that the optimal prospect is usually selected questionably in conventional methods resulting from uncertainties existing in subjective preference judgments, an approach to select efficient prospects is presented by means of a small quantity of relatively accurate information.
Chun-Hao Li, Yuan-Wei Du, Yong-He Sun
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Equilibrium Notions for Agents with Cumulative Prospect Theory Preferences

Decision Analysis, 2016
Relying on the experimental findings that actual choice behavior often violates the axioms of expected utility theory (EUT), we study non-EUT preferences in a noncooperative game-theoretic framework. In particular, agents’ preferences are represented by the pair of functions suggested in cumulative prospect theory (CPT). Accordingly, three key aspects
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Pricing insurance contracts under Cumulative Prospect Theory

Insurance: Mathematics and Economics, 2012
In the paper, a new premium principle is introduced. This premium principle is based on Cumulative Prospect Theory by \textit{D. Kahneman} and \textit{A. Tversky}, [Econometrica 47, 313--327 (1979; Zbl 0411.90012)]. The various properties of this new premium principle are examined in the text.
Kaluszka, Marek, Krzeszowiec, Michał
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Cumulative Prospect Theory, Aggregation, and Pricing

Critical Finance Review, 2016
Cumulative Prospect Theory (CPT) has been used as a possible explanation of aggregate pricing anomalies like the equity premium puzzle. This paper shows that, unlike in expected utility models, a complete market is not sufficient to guarantee that the market portfolio is efficient and that the standard representative-agent analysis is valid.
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Cumulative Prospect Theory and the Representative Investor

SSRN Electronic Journal, 2011
Cumulative Prospect Theory has been proposed as an alternative to expected utility theory to explain irregular behavior by economic agents. In particular in Finance it has used to clarify anomalies like the equity premium puzzle. There are certainly hopes and hints that CPT can explain the anomalies, but less attention has been paid to more basic ...
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Complementary symmetry in Cumulative Prospect Theory with random reference

Journal of Mathematical Psychology, 2018
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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A further critique of cumulative prospect theory and related approaches

Applied Mathematics and Computation, 2006
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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A Review and Prospect of Cumulative Prospect Theory Research

ACP Official Conference Proceedings, 2022
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A three-way decision model based on cumulative prospect theory

Information Sciences, 2020
, Tianxing Wang, Huaxiong Li
exaly  

A Cumulative Prospect Theory Approach to Passengers Behavior Modeling: Waiting Time Paradox Revisited

Journal of Intelligent Transportation Systems: Technology, Planning, and Operations, 2004
Erel Avineri
exaly